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Analysis-Euro parity is back on the dial for FX markets

Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy's fiscal position mean headwinds for the euro are getting stronger, raising the risk of a move back towards the psychologically key $1 marker. The euro is especially vulnerable to rising oil prices, with net imports accounting for over 90% of oil products available in the European Union. "High oil prices are weighing on the euro area's terms of trade, and if oil prices move above $100 per barre...
Noord Holland City Of United Kingdom United States Francesco Pesole Jens Eisenschmidt
Source: yahoo.com

Hedge Funds Ditch Bets on Euro Ahead of ECB

(Bloomberg) -- Hedge funds are turning ever more negative on the euro ahead of an interest-rate decision by the European Central Bank next week that is proving increasingly difficult to call.Most Read from BloombergEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsBoss of Failed Crypto Exchange Gets 11,000-Year SentenceCalifornia Shows an Electric-Car Uprising Headed for the USUS Probes Made-in-China Chip as Tensions Flare Over TechnologyEx-Google CEO Eric Schmidt Scraps $67
United States City Of United Kingdom Thomas Hall Antony Foster Naomi Tajitsu
Source: yahoo.com

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